Thursday, December 01, 2005

Off-shoring / Outsourcing is an in the face reality of the 21st century, but fewer than 200,000 American jobs lost to India in a presidential election year experiencing a low job growth has proven highly controversial. Yet, more and more stock market analysis to computer software development and troubleshooting service jobs are being off-shored / outsourced by US companies to India and other low-wage countries. Clearly, it makes economic sense to pay middle-class salaries rangingfrom $2,000 to $7,000 a year in these countries, opposed to paying the same amount per month for the same work in USA.

Responding to Colin Powell’s speech pressurisingIndiato open its markets to American goods, a thank-you for the off-shoring / outsourcing work it receives from American companies, Hari Singh, an Indian student retorted sharply: “Off-shoring / Outsourcing benefits the US as well since$1 outsourced here gives $1.40 back to the U.S. economy. We use U.S. computers to do the work, and we're drinking Coke and Pepsi. Every damn thing comes from the United States.” A statement confirmed by the numerous American survey companies hired to find out whether off-shoring / outsourcing was responsible for loss of American jobs and sluggish economy.

Companies lacking infrastructure and staff with little or no interest in investing time and resources to build in-house capability find off-shoring / outsourcing is the right choice, a smart choice! The benefits of off-shoring / outsourcing have immense long-term benefits if one has the foresight and patience to invest in future paybacks. All said and done, off-shoring / outsourcing is part of the new wave, the new world order, the sooner one accepts it, the better!